Stein & Day in Reprint Deal

By JAMES FERON, Special to the New York Times

Published: October 1, 1987

WHITE PLAINS, Sept. 30—
Stein & Day, a book publisher that filed in June for protection under Chapter 11 of the bankruptcy code, said today it had closed a deal with Barnes & Noble Bookstores to reprint 50 titles in hard cover.

The president of the publishing company, Sol Stein, told a Federal bankruptcy trustee that Barnes & Noble agreed to pay $100,000 as an advance against royalties, and that the booksellers had agreed to buy subsidiary rights to another 109 books, making the five-year agreement worth $400,000.

Mr. Stein said his company would resume shipping books from a New Jersey warehouse, where they had been held since the company filed for Chapter 11 after the company was ordered to pay $1 million to its former printer, R. R. Donnelly and Sons.

Mr. Stein also said his company had received a written offer of $2.6 million for an 11-acre estate the company owns in Briarcliff Manor, N.Y., where its headquarters are located.

Mr. Stein said the company would use the funds from the real-estate deal to pay all bank obligations and most of the money owed to the printer. He said his company could be profitable by the end of October if a Federal bankruptcy judge allowed it to resume publishing. He also said he had a ''firm offer'' of $400,000 from an unidentified investor ''for us to manufacture books and get started again.''